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You are one of the owners of a start-up event production company. You'd like to perform a pricing analysis of a Sake tasting event that
You are one of the owners of a start-up event production company. You'd like to perform a pricing analysis of a Sake tasting event that you have had in mind. You believe that fixed cost that your company should pay a year like the following. You also learned that the average variable cost percentage of alcohol beverage tasting event is 30%. | Administration Program Facilities Marketing Exhibits Registration Support Exp. Msc. Exp. Total Fixed Cost $140,000 $81,500 $6,500 $31,200 $22,775 $9,000 $7,975 $3,000 $301,950 1. Calculate Breakeven Sales for the proposed event. Assume that this is the only event that the company is producing. 2. You estimated that there would be a minimum of 3,500 attendees. Then what is the breakeven ticket price per person? 3. You wants 30% profit margin out of each ticket. Calculate the desired ticket price. THYMYILIULUL TUIRU Types or Cost In Cost Approacri Room Rate Calculation: Semi-variable cost / Indirect and direct cost / Distribute and undistributed cost Previously, we dealt with 1. Cost of construction & furnishing cost 2. Operating cost, 3. Variable and Fixed cost Answer the following three questions based on the given information below). Expense Type Allocation % to Rooms Department 80% Rooms Dept. Expense A&G Management Fees Sales & Marketing Franchise Fees Heat, Light & Power Property Operations Taxes & Insurance Lease Expense Monthly Expense $45,354 $18,884 $26,967 $21,428 $40,376 $32,763 $17,697 $105 $203,573 Total 1. Suppose there are two room types in the Omni Hotel; Standard (100 rooms) & Deluxe (81 rooms). They have estimated to achieve 80% and 60% occupancy respectively in 30 days of a month. Then what is Indirect Cost per Occupied Room? 2. When Direct Costs for Standard & Deluxe Room were $18.71 & $21.49 respectively, then what are Break-even Room Rates for Standard and Deluxe room? 3. When Management determine Maximum Rate at 90% and 95% Profit Margin respectively out of their Maximum Rates. Then what is each Rack Rate
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